Evening Star Newspaper, May 18, 1930, Page 71

FINANCIAL. THE SUNDAY STAR. WASHINGTON, D. C, MAY 18, 1930—PART SIX. FTINANCIAL., B7 the Asocisted Press. Reserve sys Holdings (United States) Becurities .. . Retall trade in Washington during past month showed an increase of 0.1 per cent over the total recorded “April, 1929, according to IIRIW the Pedenl Reserve Bank of hose territory includes this this remarkable increase was wttributed to the fact that Easter this year came in April and in March last year, the local merchants are greatly encouraged over the report showing that retall trade here for the first four months of this year was but 4 per cent Delow the record of the same period of 1929. The fact that the stock market crash of last Fall has resulted in but such a slight offset for the record of the previous year is held highly en- eouraging. Other ~ local business barometers Studied by The Star proved spotty in April. Check transactions amounted to Last week. Same week '20. $4,074,000 $5,565,000 83.0% 15.1% $527,844 $155,826 3,068,169 2,838,123 237,448 914,599 12,254,323 12,214,584 1,052,735 2,624,750 20,367,020 $46,851,500 000 $118,036,652, an increase over March, but $11,263,397 below the total for Apl‘fl 1920. 'Postal receipts here in April amounted to $510,751.54, an increase of 2.34 per cent over April, 1929. Electric power consumption in District last month totaled 22,589, 57' kilowatt hours, an increase of 1,500,000 over the total for April, 1929. There were 161,772 telephones in service last month, as compared with 153,633 in April, 1929, but the average number of originating calls per day was 656,337, as compared with 668- 827. Telephones in Washington have increased more rapidly in the past 12 months than in the previous year, the phone company reports. The number increased 8,139 during the past year, as compared with an increase of 7,956 during the preceding year. The num- ber of originating calls increased faster than the number of phones. CHECK TRANSACTIONS WASIIINGTON CI.EAIING HOUSE ;111 07i.963 103,348,052 121,510,442 116,851,974 114,264,134 123, 2 1929. 1930. uzw 438, 291 $118.219,264 109,649,040 96,545,212 131795928 114113696 129,300,052 118,036,652 126,036.188 124,028,347 127,497,771 113,553,519 114,986, 933 137,660,693 137,968,284 122,706,244 120,261,737 129,981,412 116,074, /630 $1 H 408 832 103,495,524 122,284,990 120,019,886 123,796,402 126,930,689 $1,385,897,426 $1,435,725,602 $1,481,390,728 POSTAL RECEIPTS * Reported by Fiscal Years 1926-27. $380,996.07 371,624.56 447.504.14 541,876.96 505,417.39 686,869.38 452,798.09 460,256.72 521,939.24 498,290.44 434,724.09 426,669.19 1927-3 $388,568.16 397,809.26 476,465.00 1928-29. 1929-30. $301,428.44 $425,262.75 412,757.49 414,342.79 460,250.28 460,574. 506,969.09 545,649.13 547,474.88 511,040.11 404,103.07 545,321.21 687,795.65 672,162.47 473,473.51 480,663.77 466,626.95 467,238.68 527,486.19 505,179.65 506,543.44 499,056.83 470,110.35 491,322.56 447,490.35 457,603.20 510, 151,54 . $5,720,296.27 $5,860,378.15 $5,886,415.57 KILOWATT HOUR OUTPUT FOR DISTRICT POTOMAC ELECTRIC POWER CO. . 19,030,145 TELEPHONE SERVICE IN 1929. 1930. 1928. N 22,016,010 25,293,169 14,774,418 22,332,696 22,589,579 21,180,690 21,269,828 ,549,291 24,678,737 DISTRICT" cn!nrnn & POTOMAC TELEPHONE CO. H Number of Telephones in Service 1927. 1930. 159,705 160,013 160946 161,772 1928. 144,036 Average Originating Calls Per Day. 1927, e 1930. 619, “3 668,3 641, 5!1 656,337 1928. 580,024 601,839 505,652 602, 632,694 *Beasonal decrease due to vacation period. ! SALES INDEX OF DEPARTMENT STORES DISTRICT OF COLUMBIA. Average Monthly Sales 1923=100, 1923. . 729 73.8 102.7 89.0 1927, 90.4 1928, 89 98 114 108 120 HOW IS BUSINESS? Showing Current Business Activity Compared With Same Week Last Year ve the corresponding weeks of the same weeks 12 months earller. ACTIVITY BY FEDERAL RESERVE DISTRICTS, Check transaetions compared with the LEADING BAROMETERS. Showing trend of important factors. Business in dollars (checks cashed Employment (Department o Tabor) © it of Labor) ...... Present trend. ward Total number of shares sold Same period a year ago... 1930 — Addessograph Inti(1%). Aero Supply Mfg B) Aln'worth Cor Afr Inv inc. vte. Alir Investors (w: Afr Inv Ine, vic con p Alabama Power pf ( Ala Pwr cum pf (7 Alexander Indust. All Amer Gen Corp. Allegheny Gas Cor: Allen Mfg cv pf (A Allen Mg Co(B) Allfed Aviation. . Allled Mills, Inc(60c). Allison Drug Strs A. Allison Drug Strs B. Aluminum Co of Am Alum Co Am pt (6) Alum G'ds M (1.20). Aluminum Co. Ltd. Am Arch Co (3). Am Beverage Corp. Am Book (7).. Am Brit&Cont....ceee Am Br Bo El Fd Sh: Am Capital (B)..... Am Capital pf (3). Am Cit P&L A (a3) Am Cit P&L(B) (b10%) Am Cmwith P A(b10%). Am Cwith PBb10%.... Am Comwith Pwr war. Am Control. Am Gas & El pf (6). Am Hard Rubber(6). Am Inv. Inc, B.. Am Inv, Inc, war Am Laundry Mach (4) Am Lt & Trac (new).... ‘Am Maize Products (2). Am Maracaibo. Am Natural Ga: Am Pneumatic Se Am Service Co. Am Stove. . Am Superpo Am Superpo pf (6) Amer Yvette Co, Inc Amrad Corporation 4 Anchor Post F' (b10%).. i Anglo-Am vot cod (73¢) - Anglo-Chilean Nit.....o Appalachian Gas. Arcturus Radio Tul 4% Arizona Globe Co Ark Nat Ark Nat Gas Ark NGem pf As50 G & EL A (12. Ass0 G & E deb'r Asso Gas & Elec ct! Asso Laundries. Asso Rayon. 4 Asso Rayon p Asso Tel Util (b7%). A1l Coast Fish (1.40) Atlantic Fruit & Sug. Atlantic Lobos. . Atlantic Sec Corp. Atlas Utilities (war) ‘Atlas Utilities Corp. 6% Auto Music A (11.05) Auto Vot'g Ma ev prpt.. Aviation Corp Am. Aviation Securiti; Axton FT. A (3.20). Bahia Corp.... Bancomit Corp ( Bickfords, Ine (1).. Bickford In~ pf (2% Blue Ridge ev pf Blumenthal (8). Bohack (H C) (2 Bohack (HC) 1st pf ( Botany Mills Bourjois, Inc Bower Roller Brani] Track & L (2) Bridgeport Mach (26 Brill Corp B. Brillo Manufs Brillo MIg A (2).... Brit A To B (11.20). Brit Cel Ltd rets, . Brown F&W (B) 2.40 Buckeye Pipe Line (4) Buffalo, N&EP p£(1.60) Bulova W ev pf (3%). Bureo, Inc.... Bureo, Inc. war... Burco, Inc v pf (3). Burma Corp, rets (t3ic) Burmah Oil. Bwana M Kubw Col Cable Radio Tub vte, Cabl & W Ltd. B rets, Canadian Marconi. Carib Syndicate. Carnation Co ( Celanese Corp. Cel Cent Pub S(A) Cent States Elec 1 §316100 78 35 4% 0c Cent States Elec 6% ww ll'l Centrifugal Pipe (60c). “hain & Gen Equiti Stor Development Stores Stock. . e Al n-v.. 1 Asso n-v. Chicago Corp (The). Childs Co. pf. (7).. Cities Service (330¢) Cities Service pf (6 Cities Ser pt B (.60) . Clark Lighter, A Clev Elec Illum (1.60).. Cleveland Tractor 1.60.. Cohn&Rosenbergerl ne,. Colombia Syndicatt Colon Ofl. .acuve Colts Pat F' Arm (2) Col Gas & Oil v.t.c. Columbla Pic ($1%) Columb Pic v.t.c. ($1%). Com'with Edison (8)... Comwlth & Sou (war).. Comm Wat Servb6%... Comstock Tunnel . . 4 Conn Eelec Service (3) Consol Auto Mer ctf Consol Auto Mer eum Dl Consolidated Copper Consol. Cortez Silver, Cons Dairy gr;:(do |l)l0) a ol 1 A(2.20). Con Retall Str: Consol Royal (80 Continental Oil v.t. Bessemer oo n DIA(3). Cnldeg on . 3251:.-.14. Ld (lOe). Creole Petroleum. 1 Cresson Cons (8c). crocifléwhl:':.ll ‘en Petro! s cc:vn Cork&S pf(2.70). Cuban Cane pr opt war.. Cuban Teb v.t.e (2). Cumbeland P L(118) Cueno Press (2%) Darty Petrol (1) DarbyPetrolm (n Dayton Alrplans & En i B DeHav.Alr itd ret 508100 1 62% 49% 121% 5% 17% 95 % 2% 6 * 15% lan' l“ ™ This Year. 110,021,090 150,155,326 Net Chge. % 3% 1% (AR TR AN AN} ++10110 0 11+ + P44+ 1 +44 +1 4 VI 4441 E o fEEr E R ] 25 ¥# w28 2°2 I++100 1+ 1+ @ e FEE 2P " iz (ET AR T SN ERNE 22 - » B » FEEFF rEE X FFER FFE FFEF F F¥FE R 140 h 0 P33 ¥ » B FOEES EREF FSEFFEF - T4t F L L +lli++1 » +11 T4+ +1014+444 +4++14401101 B 3 @ s¥8 Per Fesvsr sa"Fe¥RBcFes"sReesE Z %] am T+ W) 108 i Elec Pow Asso A (1) % Ming Corp Can (25¢) Distill Corp Seag(1) Dix Gas & Utilit] Dixon (J) Crucibl Doehler Die Casting. Draper Cornnnuonflll Dres (8 R) Mfg.A (3%). Dresser (S R) B (2) Driver Harris (new) 6% Du\'lier Cond &Rad.... 1 Duke Power (25): Durant Motors. ... Duquesne Gas (new) East Butte. EastG & F' East G & F1As pf( East Sts Pow B (1) ern Util Asso (2 rn Util Asso cv ern Util Inv (A) Eisler Electrie (13%) Elec Bond & Share ( 106 El Bond & Sh of (6] 109% 107% Elec Pow Asso (1) . 86 32% 31% 29% 8% 66% 26%° 25% FI P& Lopt war.. Elee Shareholding (31). Ei Sharehldg pf (6).... Electrographic Corp (2) Emer Bromo Selz pf(2). Empire Fire Ins........ Empire Power Corp (3). Emp Pub Serv A (1.80).. Empire Steel Corp. Emplyrs Reins(1%) Furopean Elec Ltd (A).. Euro Elec, Ltd deb rts. Evans Wall Lead. Fandango Corp. Fanny Farm Can (1).... Fansteel Prod.".. o000 Federal Baking Shop Federal Screw (3). . Federated Metls (11%). Fiat receipts (1.25). Film Inspect Mach. Financial Tivest N Y. Firemen’s Fd Ins (5) Flintkote A (1.50) Ford Motor Can B Ford Motor France(30c) Ford Mot, Ltd (37%¢). . Foremost D P pf (1.69).. Foremost Fabrics (2)... Foundation For Shs. Fox TheatersClassA. Galena Oil Corp. Garlock Pack (1. General Alloys(80c) General Baking... General Baking pf (3) Gen E Ltd rcts(50¢) Gen Empire Corp. ...... Gen Gas&El cv pf B (6). Gen Indus Alcohol. ..... Gen Laundry Machine Gen Motors pf (new)... Gen W W & El A(2). Gerrad (S A) Co (1.50).. Gleaner Comb Harv (3). Glen Alden Coal (8). Goldman Sachs t.c. (b6). Gold Seal Elec new..... G Grier Stores pf (7) Griffith (DW) A.. GuifOllof Pa (1% Hall Lamp (11.50) - Hambleton Cocfs3..... Happiness Candy... Hartford Elec Lt (2%).. Hazeltine Corp (2). Hydro EL Sec.(2). Hygrade Food Prod. Imp Ol of Can, n (50¢).. ImpTobGtB&1(1.25). ... Ind Pipe Line, n (1234), Ind Terr Illu Oil (A) Insull Util Inv (b6%)... Insul Ut Inv2d pf(6).... Ins Co of No Amer (13). Insurance See (1.40) rade Co.(1) . Intl Petroleum (1) Intl Products... Int’l Products pt. (l) . Int Safety Ras B 'l. lntl Buperpower ($1) Irving Air Chute (war). Italian Superpowr A.... Ital ‘power war Jerome Verde Develop.., Kirsch Company (1.30).. Klein(H) pt pt (1.20) Knott Corp (2.40). Kolster-Br(Am shs).... 1% Koppers G &C pf (6). 102 Kress (SH) sp pf (60c).. 9 Lackawana Sec (§)... 1% 101% 9 41% 41% # Lakey Fdry & Mach. 6% 5 Land Co of Florida. Landers, Frary(13%). Lefcourt Realty (11.85 Lion Ofl Refin (2). Loew’s Inc deb rts 3% Loew's, Ine (war) Lone Star Gas (1 MacMarr Stores (1 MagdnlenaSyndiea MangelStores pt ( Mfg Finance Co v.t. Mazcont Int Mar(52 Marine Mid Cp (1.30 May Hos cum pt (4) McCall Front....... Mexico-Ohlo O11, Mid Sts Pet vtad Mid Sts Pet v.t. Mid] United(b1% 5 ) Wat Middle Wst Ut war(A).. Middle Wat Ut war (B). 7 Middle Wst Ut pf xw(8) 104% 101% Mid Royalty ev pf (2). 24% 28 Miller & Sons (2). 28% 274 . 1% 1% Mo Kan Pipe L (b10%). 33% 32% EPLYLe . ..ivoe. @ 2% i Migs River Fuel bd rts.. 21 19 Miss River PWr Df.osses 106 - 106 £ * e+ FH 14+ ' PHI++1 10 +) I+ (RESRRE SR 22 L+ 41 ++1+ i+ \ ®OFEEES 5 ® e L ha RO S LSS ek I o N ® R OFIERF * I+ 4+ EANBENNENE X + ¥ 1+t Vi P+ 44 L0+ + 41 4444410+ - 4+ Fe exFress L £ OFREFEF 2 0 = ¢ @ xeEEs sxeesd - T f*#{ff!#l* * Mont LtH&Pwr (1%) Morison Elec ($1).. Mountain & Guif (8¢)... Mountain Prod(1.60). Nat Amer Co..... Natl Candy Co (2) Nat Fuel Gas (1). Nat Pub Serv (A) (1. fl) Nat Rub Mach (2) Nat Screen Service (2).. Natl Short Term Sec A.. Nat Steel Corp, xw (2).. Natl Steel (war). .. Nat Sugar NJ (2) Natl Tlie (3)... Nat Trade Journal Natl Transit (1) NewBradtdo11(.50) New England Pwr (2) New Eng'Pow pf (6).... New Haven Clock(11%). New Jersey Zinc (12%).. Newmont Mining (34).. Newport Co (2).... N Y & Hon Ros (1% N Y Auction.. Noranda Mines (3). Nor Am Aviation A war. North Cent Tex (60c) North Stat Pwr A(8). Nor States Pwr pf (6).. North 8 Pow pf (1) Novadel Agene (2). Ohio Bell Tel cum pf (7) % Ohio Copper. . Ohio Oil (4) Ohio Oil pt new (6) Oflstocks, Ltd A (350¢). Orange Crush (1.50).... Outboard MotA (1.80)... Outboard Mot B........ Pac Coast Biscuit (1) Pantepec Ofl. Paramount Cab (b8%). Pennroad Corp. .. PennG&EA (1%) . Penn Oh Pwr&Lt pt'(8) Penna Pwr & Lt pf(6)... 1. Penna Water & Pwr (3). Peop L&P A(a2.40) . Perryman Electrie. Petroleum Corp (1%) Petrol Corp war. . Philip Morris Ine. . Philippe (L) A (11.80). Phillippe (L) B (11.80) Phila Elec Co pt (5) Ple Bak of Am (A) (3. Pilot Rad Tube ,A(1.20). Pitney BPosn(20c).... 3 Plymouth Oil u) Polymet Mfg (31) Potrero Sugar. Power Securities pf. Premfer Gold (24c) Prince & Whitely 1. Public Util Hold w Pub Util Hold Corp wa: Puget S Pw & L pf(6) Pyrene Mfg (80¢) Quaker Oats pf (6 Radio Products 1 Rallroad Share Railway & Lt S (15). Railway & Util Inv (A Rainbow Lum ProdA. Rainbow Lum Prod B. Raymond Con pt (3). Red Bank. Red Warrio; Reiter-Fo: Reliable Strs (b5% ) Reliance Intl (A).. Reliance Int Corp(B) Reliance Management Reynolds B Reynolds Invest Rossia Intl Corp. .. Root Ref-cv pr pf(1.80). Ruberold Co (4).. Russek’s Fifth Av 1.60. . 3% Ryan Consolidated. 120% Safety Car H & L(8). 110 Safeway Strs w(2d) St Lawrence Papr Mil 4 St Law Pap Mills pf (6. St Regls Paper (1). St Regis Paper pf(7. Schulte Un ¢ to$1 8. Seaboard Utilities Sec Corp Gen new(4). % Segal L & Hwde(50¢c)... Selberling Rubber. Selected Ind. . MARYLAND BANKING RESOURCES ON RISE Number of Institutions Decreases in Iast 10 Years, but Assets Gain. Special Dispatch to The Star. BALTIMORE, May 17.— last 10 years the number of bankin stitutions sources have jumped from ufll 013,320 S e e nu g wblx\k“k commissioner, made public this mnmg&mmmdw;nu- sources is gains " cent in W"l deposits, including bank balances; 1 nper unb ll surplus and undivided pro 80 per cent in capital stock. As of December 31, 1928, Mr. Page’s report showed there were 154 institu- tlnna capitalized at $25,199,200, with rpl and undivided profits totaling $61,957,950; total deposits, inclu bank balances, unmm o $579, I'M - 126, and $684,110,045. ‘The figures show a uuulu in- g:.ll in total resou 'd‘u‘;ln‘ the year. This mw‘l a gain of $10,062,745 in 1928. stock, § w;g:ul and undivided proflu and llfl! ,922 of hhm:el | the deposts. tncl fl!, Il'/. “n 20 Y 10% 10% Municipal Service. 11% 11% 95 l:'/a 15% 25% 16% Sisto Fin Corp. - 45% 45 24 Nat Dairy Prod pf A(7). losu xow Natl Family Strs (1.60). 18 Nat Fam Strs pf (2) 23% Natl Food Products (A) . 12 1 aish. Low. _ Steck and dividend. 84% 66 Selec lnflT‘iD‘('*)n. 71% 59 8elln 76%vprior(5%)... 9% 4% Sentry Saftey Control. 5% Shattuck Den Min, 8% Shenandoah Corp. 48% 33 Shenandoah Corp pf(li) 34% 18 SilieaGelet..... 881 Silver (I) Bros pf(7)... 91 91 Singer Mfg (126)....... B35 520 585 +IS 21% 21% 21% — 137% Smith (A O) (2) 219% 219% 219% — 2% Sni Viscosa rets . 21 2 21% Solar Refining (234).... 22% 5 South Coast....... 10 373% South Penn Oll (12%4).. 28% SouthCalEd pfA1%). 24% So Cal Edis pf (B) (1 22% Sou Calif Ed p£(C){(1 23 SoColorado PwA (2) 5R0 465 4250 i #5Fs & 13 Southern Pipe Line ('I) 9 Southland Roy (1). 7% Southw Dairy Prod - F EFR FREF¥ 1 67 8p 36% 33% Stand Cap & S new (2. %, 113 106% Stand Gas&El Dl('”.‘.. 110% 110% 110'5 + 82% 170% Stand Investing pf(5%) 75 3 i'b - 8 57% + 2% abh + W 92‘4 . * StandPwr & Lt (2). 74 + 1. nd Pwr & Lt (B) 73 + 3 Pow & Lt pf(7). 104 + % Stand Pub Service Co 124 + 2% 20 Starrett corp 2T% + W 34 Starrett 0% + 1% 16% Stein (A) kCn(I 60 18% — 1 10 Stein Cosmetic: 20% 1 Steinite Radio. 1% 10% Strauss (Nathi 1% + 1% 915 Stra Roth. 22 + W 26% Stromberg-Cal 15 Sunastrand Mac. Tool 5% Sunray Ofl (40c). EFFL Swift Internat’l (234). 90 Swiss Amer El pf(6) 64 Syrao W Mch B (1) 19 Taggart Corp FEFE R Technicolor, Ine. .. 4% Tech Hughes (60¢c).. 14 Tennessee Product: 8% Texon Oil & Land 3% Thatcher Sec Corp. 76 Thermoid Co pf (7) 40% Thos Houston Co A bl% 43% Tishman Real & Con. 38% Transamer (31.60).... 6 Trans Air Trans. 4% TransLuxDLPS. FEFERE EFF D . Tri Utilities ($1.20). Tri Utilities pf (3) 12% Tubsize Chatel (B)..... 20 Tung-Sol L (2)... 33% Tung-Sol Lamp pt (3). 17% Ulen & Co........ 26Y% Ungerleider Fin Corp. 27% Union American Inv. 25 Un Nat Gas, Can (1.60) ¥ OFEIFe 24 13% + 15 15 101 101% + 1% 1 111 5 15% Unit Elec Ser.. % Unit EI Ser pur war. 27 Unit Founders (b2.85).. 19% Unit Gas Company 18% united Gas new, 94% United Gas pf (7) 20% United Gas Corp ctfs. 97% Utd Light & Pwr pf (6). 22 Unit Molasses, Ltd 35 Unit Porto Rico Sug yx.. 60 Unit Shoe Mach (18%.. 52 USDairy, A (B).... 13% U S Dairy B... 14% U S Elec Pwr ww. . 92% U S Finishing pf(7). 17% U 8 Foil Co, B (1) - 13 42% U S Radiator (3 42 U S Radlator c 7 U S Shares Fin. Unit Verde Extn a-- FEEERFEEIEF BN 10% Utllity Equities 85% Vacuum O!l (14%) 7% Van Camp Pack 814 Waitt & Bond, B (1.20). 41% Walgreen Co.. 8% Walker (H) (1) - 2% wnlhrl(lninl ('lua). 1% Watson (JW. 8% Way: oPump.. w.yn. Pump pf ( M)... - g2 FEEEEF - @b * FF refsxsersresres gz 3 [pret " S (33 264 110 11 106 106 34% 3% %+ W 4 7 4% °88 & 141+ 8 * % 4% 1% 1% 21% 14% Zonite Products (1)..... 17 15% 17 + 1% RIGHTS—EXPIRE. 1% 1 CitlesServ.... 28% 19% Clev EI I 4% 4 Lone Star 14 1 Midland Unit 8 % Mo Kan Plp 2 1% Phillips Pet “Ex-aividend, Par otk b Pavable in Siotk. " d Favabie B wneleried SOk, vidend rates in doliars based on last GueTieriy of semt- June 25 June1é 2 1% % — % 8%— 34 | casd or ann DIVIDEND DECLARED. STOCK YIELDS SHOW | , Prvmsso ssowszsy, NOTABLE INCREASES| $2i5.71E aicei oo it t preferred stock $2 on the $8 second preferred stock and $1.26 on the class A common stock. These Eight Months Comparisons Bring Out Interesting Facts on Common Issues. London has a city-beautiful move- Special Dispatch to The Star. NEW YORK, May 17.—Some remark- able changes in the rate of income from common stock investments have taken place as a result of the market collapse of last Fall, according to a study of this subject recently prepared by Moody's Investors' Servi Interest rates have come down from September last, the yleld in mon stocks has been constantly climb- lelnl two dates, Ollht months apart points of comparison, Moody's finds '.he !ollnwlnl changes: ¥ield on common on the common o stockholders Sent. 3, 1029. May 3. 1950, Coppers. - iousehold " producis. otor acessories Passenger cars .. ah‘z‘**a‘a i large in- terest rates have been mo'lnnlln"'l'.h equnl sharpness in the opposite direc. IMPROVED PROPERTY Reasonable Rates Prompt Act B. F. SAUL CO. 925 15th St. Nat'l 2100 QUABTERL! DIVIDEND. Directors of G. C. Murphy Co. (chain store eom&lny) declared the regular guarterly dividend of 40 cents a share c‘m le June 2 o